Debt not only wrecks your credit score, it also leads one to diseases like stress, hypertension, anxiety, blood pressure and depression. We list easy and simple ways to pay off your debt and become debt-free.

5 INCREDIBLE TIPS TO BECOME DEBT-FREE

1. LIST YOUR DEBTS BY INTEREST RATE

First things first! Simply list your debts by placing those with the highest rate of interest first and paying it off first. Most people make the mistake of paying equal or regular loan payments for all their debts! Instead, single out the debts with highest interest rates and focus on clearing those debts first (on a war footing) while managing others at minimum payment. Usually, credit cards are the major culprit with the highest interest rate and clearing those helps you manage your debts better.

2. TAKE FAST CASH LOANS TO PAY INCREMENTALLY AND FOR DEBT CONSOLIDATION

Once you have chalked out the debt list, next, clear your most expensive debt on a war-footing. Don’t stick to regular EMIs instead pay more than what’s required each month on your most expensive debts to clear it and get rid of it ASAP.

Simply pawn your unused assets to pawnbrokers take fast loans. At Cash Fast Loans, you can use your asset to borrow same day cash loan from $500 to $100,000 against your car, motorbike, boat, truck or machinery with easy repayments.

With no approval or credit check required, loans are processed and cash advances paid within minutes. Our ‘Drive-in and Store’ process is hassle-free and as one of Sydney’s leading car pawnbrokers, we lend cash money based on the market value of the asset being pawned so you get the best value for your asset.

Are you a business owner facing cash flow issues and down in debt? Pawn your business assets to avail tax-effective cash loan and become debt-free. We have solutions to all your cash-flow needs to keep your business running.

3. SELL UNUSED ASSET LIKE CAR, MOTORCYCLES, BOAT TO PAY YOUR DEBT

If you have not used a thing for more than 6 months, chances are that it useless and is a depreciating asset for you. Just sell your unused jewellery, car, motorcycle, truck or even your unused furniture, TV, computer, camera, musical instruments and more lying around your home to raise money and clear your debt. Simply visit Cash Fast Loans with your car, motorcycle or boat and we will do the rest. As same day buyer of cars, motorcycles and boats, we take pride in our operation.

We will assess your asset and make you a genuine purchase offer. If you are satisfied with the offered price, we take care of all the paperwork so you receive cash, bank cheque or direct bank transfer (as per your requirement) at the earliest, at times within 15 minutes of taking possession of your asset.

4. DOWNSIZE TEMPORARILY – INCREASE SAVINGS

Evaluate expenses that you can cut down on, to increase your savings. This means temporarily saying a big No to vacations, restaurants dine outs, weekend parties, entertainment expenses and unnecessary monthly subscription. Squeeze every dollar you can to increase savings money and clear your debts.

Get into the habit of budgeting at the beginning of every month and have a data-driven approach to your spending. With a budget well in place, you take a proactive approach to your spending. Simply analyse your spending over the last three months and allocate budget across categories like bills, groceries and more. List out four columns including – the various categories, Budgeted amount, Spent amount and remaining amount. Allocating a budget will help you avoid impulsive buying and give you more control over your savings.

Yet another effective way is to work towards creating a source of passive income. Given the plethora of opportunities online, from working as a virtual assistant to writing, freelance photography or leveraging online platforms like YouTube, Facebook, Instagram and other social media platforms, finding your passion shouldn’t be difficult.

5. HAVE AN EMERGENCY SAVINGS CORPUS FUND

It is a good idea to have an emergency saving fund even as you work towards paying your debt. This is best done once you have cleared credit card debts and only have low-interest rates loans. This allows you to create a buffer when you need it urgently so that you wouldn’t need to hit the debt route again.

NEED CASH NOW? VISIT CASH FAST LOANS NEAR YOU

Cash Fast Loans makes it fast, easy and hassle-free to borrow $500 to $100,000 reliable cash loans, same day against your car, motorcycle, boat, truck or machinery with easy repayments.

Take your first step to become debt-free today!

Call us anytime 24/7 on 02 9630 6613 or SMS your info and asset photos on 0437 648 278 and we shall reach out to you. Looking for more solutions? Simply visit Cash Fast Loans Office with your asset today.

Maximum Monthly Percentage Rate based on the loan terms selected: Max APR 25% depending on the condition and value of the asset pledged. Minimum loan contracts 62 and maximum loan contract 90 days. E.g. $200 amount borrowed for a term of 62 to 90 days repayment will be $50 per month for 3 months totaling to $150, plus balloon payment. Please refer to rates.